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Williams-Sonoma, Inc.

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Williams-Sonoma’s reported better than expected results in first-quarter 2016. Adjusted earnings of $0.53 per share surpassed the Zacks Consensus Estimate by 6%. Earnings increased 10.4% on the back of solid revenues, and an improved selling, general and administrative expense ratio. Net revenue of $1.098 billion surpassed the Zacks Consensus Estimate by 1.76%. Net sales rose 6.5% year over year driven by higher comparable brand revenues. Comparable brand revenues grew 4.5% in the quarter, slightly lower than 4.6% increase recorded in the prior-year quarter. All the brands, except Pottery Barn and PBteen, reported a higher growth rate of comparable brand revenues compared to the year-earlier quarter. Nonetheless, the e-commerce business is gaining traction. Successful launch of new products and new stores is also contributing to its sales growth.

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